Brady (NYSE:BRC) CEO Russell Shaller Sells 17,130 Shares of Stock

Brady Corporation (NYSE:BRC) CEO Russell Shaller sold 17,130 shares of Brady stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $81.25, for a total value of $1,391,812.50. Following the transaction, the chief executive officer owned 141,421 shares in the company, valued at $11,490,456.25. This trade represents a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Russell Shaller also recently made the following trade(s):

• On Thursday, September 18th, Russell Shaller sold 23,743 shares of Brady stock. The stock was sold at an average price of $80.07, for a total value of $1,901,102.01.

Brady Stock Down 0.4%

NYSE BRC opened at $80.42 on Thursday. Brady Corporation has a 52 week low of $62.70 and a 52 week high of $84.03. The company has a quick ratio of 1.27, a current ratio of 1.88 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $3.79 billion, a P/E ratio of 20.46 and a beta of 0.76. The stock’s 50-day moving average price is $76.61 and its 200-day moving average price is $73.57.

Brady (NYSE:BRC) last announced its quarterly earnings data on Monday, November 17th. The industrial products company reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.03. Brady had a return on equity of 19.29% and a net margin of 12.50%.The company had revenue of $405.29 million during the quarter, compared to the consensus estimate of $393.65 million. During the same period in the previous year, the company posted $1.12 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. Brady has set its FY 2026 guidance at 4.900-5.150 EPS. On average, equities research analysts predict that Brady Corporation will post 4.55 earnings per share for the current year.

Brady Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were paid a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Brady’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, October 10th. Brady’s dividend payout ratio is currently 23.96%.

Analysts Set New Price Targets

BRC has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Brady from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Brady in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, Brady currently has a consensus rating of “Strong Buy”.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in Brady by 45.3% during the first quarter. Envestnet Asset Management Inc. now owns 18,572 shares of the industrial products company’s stock worth $1,312,000 after acquiring an additional 5,793 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Brady by 1.2% during the 1st quarter. Victory Capital Management Inc. now owns 18,509 shares of the industrial products company’s stock valued at $1,307,000 after purchasing an additional 215 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Brady during the 1st quarter valued at approximately $1,934,000. Pacer Advisors Inc. purchased a new stake in Brady during the 1st quarter valued at $159,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Brady by 10.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,427 shares of the industrial products company’s stock worth $878,000 after buying an additional 1,208 shares during the last quarter. Institutional investors own 76.28% of the company’s stock.

About Brady

Brady Corporation manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products to identify and protect premises, products, and people in the United States and internationally. The company offers materials, printing systems, RFID, and bar code scanners for product identification, brand protection labeling, work in process labeling, finished product identification, and industrial track and trace applications; safety signs, floor-marking tapes, pipe markers, labeling systems, spill control products, lockout/tagout device, and software and services for safety compliance auditing, procedure writing, and training; and hand-held printers, wire markers, sleeves, and tags for wire identification.